What is the Simplest Way to Trade Chemicals? - Spotchemi Blog
The work of a chemicals trader, manufacturer or salesman is never easy. His products and customers have many contradictions. His chemical products are used everywhere and yet his customers are often on the other side of the world. His offerings may be simple, often elemental, but the specifications and grades can be quite complex. His products are universally applicable and yet his market remains niche.
With competitive pricing and timely delivery, TJCY industrial chemical sincerely hope to be your trusted supplier and partner.
So how does one effectively locate a chemical buyer? How can a buyer efficiently find a chemical supplier?
Traditional Methods of Finding Buyers and Sellers
There are typically three traditional methods to connect a businessman with the chemical product to another businessman who has the necessary funds, though none of them are without flaws.
- Know your product and learn about the main suppliers and buyers in the market. Attend trade conferences to meet potential partners. Engage in online forums and LinkedIn groups to network with those who may have interest in buying or selling your goods in the future. Keeping in touch ensures that when the time comes for business, you have established contacts ready.
- Do the legwork. Use resources like the World of Chemicals directory (http://www.worldofchemicals.com/or similar yellow pages) to proactively reach out via phone or email. This process can be labor-intensive and often yields only a few positive responses (especially if you're looking to sell), but it can put you in contact with various chemicals traders, provided they are legitimate.
- Stick with who you know. While their pricing may not be the most competitive and the quality might not be ideal, working with a familiar company ensures you understand what you are getting. The logistics involved are known, and the contacts are trustworthy. However, this approach may not benefit you if you have a new product, if your previous supplier no longer deals in what you need, or if you're looking to make an isolated transaction.
Assessing Each Method
Each of these strategies has its advantages and disadvantages. Some may offer greater reliability and security but could lack competitive pricing, while others may provide more favorable pricing but come with risks in terms of supply certainty or product quality.
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Exploring Better Sourcing Solutions
Why is there not a more efficient way to source chemicals? What would an ideal system for locating a trustworthy supplier look like?
The chemical industry is rich and technologically advanced, suggesting that any new system could have extensive opportunities for improvement. How would your envisioned chemicals trading system function? Would it mirror practices seen on Wall Street or eBay? Has Alibaba (http://www.alibaba.com/) found the key to this or is it merely a step towards a better solution?
Join us on Facebook (https://www.facebook.com/sspotchemi) or LinkedIn (https://www.linkedin.com/groups/) to share your thoughts on what the ideal chemicals trading system might look like. Does it already exist, or is a perfect chemicals trading Utopia simply unattainable?
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